Norges Bank to supervise $1bn-plus SWF property deals
Separate committee to convene for property investments with value above $250m
Norges Bank will supervise major real estate investments by the country's sovereign wealth fund, it was confirmed this week. The manager of the fund, Norges Bank Investment Management (NBIM), previously made investment decisions without referring to the wider central bank.
The executive board of Norges Bank will decide on real estate investments made by NBIM exceeding $1 billion, a bank spokeswoman told Central Banking. For real estate investments exceeding $250 million, the decision will be
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